Public Webinar on
Anti-Money Laundering/ Countering Financing of Terrorism (AML/CFT)
29 Oct 2020 (Thursday)
Online Webinar (via ZOOM platform)
for members of Singapore Jewellers Association, dealers in Precious Stones and Precious Metals (goldsmith, jewellers etc)
About the Seminar
Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (“PSPM Act”) has been in effect since 10 April 2019 for the Precious Stones and Precious Metals Dealers (PSMD). Regulated dealers will be required to comply with measures under a) Transaction-based requirements; and b) Entity-based requirements.
While the guidelines are useful, it is important for PSMD to set up the operational processes to deal with the AML/CFT risks. This webinar will provide practical information on how to implement the guidelines by MinLaw, for small and medium size firms.
This is a AML/CFT webinar for members of Singapore Jewellers Association (SJA) and PSMD (goldsmiths, jewellers, etc), who are regulated by MinLaw for AML/CFT compliance.
By participating in this AML/CFT webinar, SJA members will enjoy a special promotion, when they subscribe for selected AML/CFT screening packages (details to be provided during the webinar).
This event is organised by:
|Ingenique Solutions Pte Ltd||Singapore Jewellers Association|
With support from:
|SME Centre @ Central||Dow Jones|
To register, click on the link below:
|Thursday, 29 Oct 2020
2:00pm to 3:30pm (1.5 hours)
Online Webinar (via ZOOM platform)
|1:40 pm - 1.55 pm||Please log in at least 15 minutes before the session|
|1:55 pm - 2.00 pm||Welcome Introduction|
|2:00 pm - 2.50 pm||Key & Salient Points of MinLaw’s AML/CFT Compliance for PSPM Dealers
Under the “Entity-Based Requirement” of the PSPM Act, there is a need for PSMDs to implement internal policies, procedures and controls (IPPC) to address ML/TF risks. How does a PSMD firm develop and implement these AML/CFT IPPC in their day-to-day operations to mitigate the ML/TF risks and comply with the AML/CFT requirements? This session will share with the participants practical implementation that will balance compliance requirements and business needs, with focus on Customer Due Diligence and Ongoing Monitoring. This session will also touch on some key aspects in AML/CFT compliance for frontline retail staff.
Mr Martin Lim, Founder and Director, Ingenique Solutions.
|2:50 pm - 3.20 pm||The Importance of Ongoing Monitoring/ Suspicious Transaction Reporting
Under the “Transaction-Based Requirement” of the PSPM Act, there is a need to file Suspicious Transactions Reports. This amongst others, requires PSMDs to have in place an effective Ongoing Monitoring process to detect unusual or suspicious transactions. What is Ongoing Monitoring? How does a firm implement an effective Ongoing Monitoring process without consuming too much resources? This session will share with the participants some operational implementation of Ongoing Monitoring. This session will also include an introduction to the key salient features that a commercial AML/CFT screening solution should include (will briefly showcase SentroWeb-DJ, which is supported by Dow Jones). Members are welcomed to find out more about SentroWeb-DJ after the presentation.
Mr Leonard Soh, Director, Ingenique Solutions
|3:20 pm - 3.30 pm||SME Centre@Central – Briefing on Business Solutions & Support for SMEs
Mr Alan Wong, Principal Business Advisor, SME Centre@Central
|3:30 pm - 3.45 pm||Q&A|
|3:45 pm||End of session.|
About the Speakers (演讲者简介)
Martin Lim，林祥达 先生
Martin is the founder and director of Ingenique Solutions. He is the person behind the product development of all products by Ingenique Solutions. Prior to joining Ingenique Solutions, Martin has more than 15 years in the IT industry covering both technical and business development responsibilities. With Ingenique Solutions, he assembled a team of AML professionals, and together, they grew the company from zero to more than 1,000 customers across Singapore, Hong Kong, Taiwan, China, Malaysia and various countries.
Martin frequently engages with customers on AML matters to develop solutions for them to effectively implement their AML processes. In addition, he conducts AML/CFT workshops in Singapore and Hong Kong to assist companies jumpstart their AML/CFT internal policies, procedures and controls. Over the years, Martin has participated in numerous seminars organized by associations such as ISCA, HKICPA, HKICS, SBMA, CSIS, and SCAA in Singapore and Hong Kong as a speaker, where he shares his experience in AML/CFT compliance. He was also interviewed on 938 Live on AML.
On Mar 2019, Martin is appointed the honorary AML/CFT Advisor to the Singapore Bullion Market Association (SBMA). Martin is also the first principal trainer for Ministry of Law’s Onboarding Workshops for Precious Stones and Precious Metals Dealers.
Martin graduated from Nanyang Technological University, and has several postgraduate degrees from National University of Singapore, in addition to a Diploma in AML/CFT from the International Compliance Training Academy.
Leonard Soh CFA， 苏国明 先生
Leonard is a partner and director of Ingenique Solutions, with responsibility in overall business development for the group. He is a finance industry professional with deep skill sets in Compliance & Sales, and more than 10 years in AML/CFT advisory, trainings & supervisions. Prior to joining Ingenique, Leonard has extensive experience with international and global banks for more than 20 years, covering areas such as banking, treasury, finance & markets. With Ingenique, Leonard is instrumental in developing & growing the Singapore, Hong Kong and various markets. His strong understanding of AML/CFT regulations, markets, as well as strengths in practical compliance advisory, has helped many new inductees to better understand their AML/CFT regulatory obligations, address their practical AML/CFT concerns, and expediently transition to being AML compliant.
Leonard is a CFA (Chartered Financial Analyst), holds a Bachelor degree in Business (Financial Analysis), and a Diploma in Anti-Money Laundering from the International Compliance Training Academy.
Alan Wong，黄鹏豪 先生
Alan is the Principal Business Advisor at the SME Centre@Central. Alan accumulated over 15 years of experience in business development, marketing, investment and asset management. Based at the Toa Payoh HDB Hub satellite centre, Alan advises SMEs in developing marketing and HR capabilities and recommends appropriate schemes and programme to help them transform and build capabilities. Guiding SMEs on the fundamental of branding framework and readiness for overseas expansion is also his forte.
SME Centre@Central, reach out to the heartland businesses in the central district of Singapore, offering general business advisory and grant guidance to the heartland enterprises, as well as organizing capability workshops and helps micro-enterprises adopt simple solutions to improve productivity and grow their businesses. SME Centre@Central also works in partnership with various trade associations and government agencies to explore projects through group-based upgrading initiatives.